The 11th Hour Dispatch – Friday, March 23, 2018

| March 23, 2018

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BINGE WATCH

In an interview with ITV News, Steven Spielberg revealed that he thinks streaming movies should not be eligible for Oscars. Films on platforms like Netflix and Amazon Prime have discovered loopholes in the nomination requirements and began releasing the films for very brief and limited theatrical runs to qualify. Spielberg claims this dilutes the filmmaking process and lessens the competitive drive of the industry. He even goes as far as to say, “Once you commit to a television format, you’re a TV movie,” and that a streaming movie could “deserve an Emmy, but not an Oscar.” Speaking of those disgusting streaming plebeians, YouTube is bringing films involving Susan Sarandon and Eminem to theaters to take advantage of the minimum Academy Award qualifications prior to their releases on YouTube Red and to showcase itself as a company capable of producing large scale content.

YOUNG MONEY

Arizona has become the first state to set up a regulatory sandbox to stimulate developments in fintech, blockchain, and cryptocurrency. Companies taking advantage of the regulation can test products for up to two years and serve as many as 10,000 customers before they need to apply for formal licensure. “Fintech is going to fundamentally transform banking, finance & technology. We’re going to be the first in the state to embrace it,” Governor Doug Ducey said. While Arizona is the first U.S. state to do something like this, it’s definitely not the first of its kind. The U.K., United Arab Emirates, Singapore, Australia, and Canada, among others, have also set up sandboxes to bring entrepreneurs to their local industries and economies.

BIG BUSINESS

It’s not just Facebook and Twitter. The little guys are guilty too. Tumblr has confirmed that the Russians got ahold of them as well. 84 accounts guilty of disseminating purposely false and misleading information were linked to the Russian government and its Internet Research Agency (IRA). Tumblr has notified law enforcement and terminated the accounts and their original posts. The truly sinister difference about Tumblr’s posts versus the fake news on Facebook and Twitter is that the Tumblr posts were not advertisements. They were circulated organically by the community. Tumblr will be personally emailing anyone that liked, reblogged, replied to, or followed one of the IRA’s accounts in question and keeping a public record of usernames linked to the IRA and state-sponsored propaganda groups as we move forward.

COLORING OUTSIDE THE LINES

It is believed that Apple is working on a foldable iPhone that could hit shelves as soon as 2020. The device would act as both a phone and a tablet, when unfolded. Nothing has been set in stone yet, but Apple has secured several patents for foldable screens over the last few years. Other companies have tried something similar in the past and fell on their faces, but I’m sure Steve Jobs is constantly haunting developers over in Cupertino, so whatever it is won’t be a totally bad product.

NOTHIN’ BUT ‘NET

Wendy’s dropped a lukewarm mixtape or maybe just one of their fresh-never-frozen-totally-naturally-square patties just hit the floor and they posted it to Spotify.

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